⬇️ My Thoughts ⬇️
IMF's guidelines mandate for the data to be either reported in Excel spreadsheet or SDMX
IMF pls update the specs to require publishing in HTML - i will happily provide you with XML to HTML scripts 😄
and yes, to get this data i had to download an excel file from Russian Central Bank's website. that's a norm in banks's international balance sheet reporting
HTML hasn't been discovered there yet 😄
and yes, to get this data i had to download an excel file from Russian Central Bank's website. that's a norm in banks's international balance sheet reporting
HTML hasn't been discovered there yet 😄
a clarification: the table is CBR's gold holdings in USD - so the value goes up if price of gold goes up and gold stock remains at least unchanged
troy ounce holdings are released in an IMF-templated PDF report, but with a lag
CBR's latest data is 79.4 M troy ounces of gold
a clarification: the table is CBR's gold holdings in USD - so the value goes up if price of gold goes up and gold stock remains at least unchanged
troy ounce holdings are released in an IMF-templated PDF report, but with a lag
CBR's latest data is 79.4 M troy ounces of gold
both Russia & China increased their gold holdings since I wrote this 😄
indeed - central banks are continuing to buy the gold dips
China will win the AI race, but not because they're releasing better & more efficient models and are ahead of other sovereigns in terms of practical AI infrastructure and systems. These are side-effects
AI/ML is about maths - and Asia dominates in that regard
regarding the IPO/privatization of Fannie Mae & Freddie Mac i wrote a thread explaining the role, function and use during QE of those GSE
also their history and how they were used to lower mortgage rates after the 2008 GFC
you can read it it here ⬇️
https://illya.sh/threads/@1754148538-1.html
stablecoin issuers would get this new credit, purchase treasury bonds and increase the supply of their stablecoin
a new direct line from newly issued credit into treasuries 😄
stablecoin issuers could intermediate the issuance process, so you don't need to get all credit institutions on-chain from the start
non-algorithmic stablecoin issuance already happens off-chain and presumes trust in a third party
this would just be faster. more liquidity
stablecoin issuers could intermediate the issuance process, so you don't need to get all credit institutions on-chain from the start
non-algorithmic stablecoin issuance already happens off-chain and presumes trust in a third party
this would just be faster. more liquidity
now imagine when credit institutions can tokenize new credit and allow automated stablecoin issuance backed by that credit
in practice it's code in smart contract that wraps one token with another
i created a similar project on an Ethereum hackathon ⬇️
https://github.com/iluxonchik/eth-lisbon-hackathon-23
now imagine when credit institutions can tokenize new credit and allow automated stablecoin issuance backed by that credit
in practice it's code in smart contract that wraps one token with another
i created a similar project on an Ethereum hackathon ⬇️
https://github.com/iluxonchik/eth-lisbon-hackathon-23
i wrote a thread about the rumored tariffs on gold and what that means for the gold price
also what's coming next
you can read the thread here ⬇️
https://illya.sh/threads/@1754662712-1.html
new all time high for gold is near 😄
this just adds further validity towards the consolidation before further upside for gold
i've shared these gold charts since the beginning, while incorporating new trends as they emerge
the price action has supported this throughout. notice the strong multi-trend support
this just adds further validity towards the consolidation before further upside for gold
i've shared these gold charts since the beginning, while incorporating new trends as they emerge
the price action has supported this throughout. notice the strong multi-trend support
gold tariffs put further upside pressure for gold towards a new all time high on spot
this is in addition to the global monetary, geopolitical and fiscal positive price pressures
a significant part of the markets will be closed for the weekend. there could be a gap on reopen
gold tariffs put further upside pressure for gold towards a new all time high on spot
this is in addition to the global monetary, geopolitical and fiscal positive price pressures
a significant part of the markets will be closed for the weekend. there could be a gap on reopen
🚀 gold futures NEW all time high above $3500
futures price is usually above spot. today's increase was caused by tariffs on gold used in COMEX & CME. i wrote a thread about that today
i will keep this thread active at least until the spot price reaches a new ATH 😄
🚀 gold futures NEW all time high above $3500
futures price is usually above spot. today's increase was caused by tariffs on gold used in COMEX & CME. i wrote a thread about that today
i will keep this thread active at least until the spot price reaches a new ATH 😄
gold back to $3400 - trend lines & channels on the chart
you can see where it's headed next 😄
gold tariffs are unlikely to stay for a long period of time
expect them to be removed and/or heavily reduced soon
just the fact that they happened adds longer-term upside pressure on its price
of course, the markets will be volatile 😄
the tariffs are not on all gold imports - just on a specific configuration - 100oz/1kg bars
this alone won't skyrocket the price of gold, but it adds to the existing breakout pressure
the tariffs are not on all gold imports - just on a specific configuration - 100oz/1kg bars
this alone won't skyrocket the price of gold, but it adds to the existing breakout pressure
tariffs on gold decentivize gold imports
higher import tax is a disincentive. not sure what' the benefit to having less gold come into US
there's plenty of buyers in Asia who will happily take it. soon you will see more central banks expanding their balance sheets with gold
tariffs on gold decentivize gold imports
higher import tax is a disincentive. not sure what' the benefit to having less gold come into US
there's plenty of buyers in Asia who will happily take it. soon you will see more central banks expanding their balance sheets with gold
when you see gold hitting a new all time high very soon - just remember that it wasn't caused by a single event
gold has a growing buying pressure for monetary, geopolitical and fiscal reasons
I've written about it in depth, so search through my post history if interested
when you see gold hitting a new all time high very soon - just remember that it wasn't caused by a single event
gold has a growing buying pressure for monetary, geopolitical and fiscal reasons
I've written about it in depth, so search through my post history if interested
it's not only futures of course - the broader physical supply chain of gold is also affected
the more imminent impact is on users of 1kg/100oz gold bars. in the future markets the effect is much more visible and quantifiable - so it will start the price movement from there
it's not only futures of course - the broader physical supply chain of gold is also affected
the more imminent impact is on users of 1kg/100oz gold bars. in the future markets the effect is much more visible and quantifiable - so it will start the price movement from there
the demand from 100oz/1kg gold bars will be shifted to its other forms - whose prices will increase
this will increase gold's spot premium in the US, putting upside pressure on the global spot price
the demand from 100oz/1kg gold bars will be shifted to its other forms - whose prices will increase
this will increase gold's spot premium in the US, putting upside pressure on the global spot price
it's mostly 100oz/1kg gold bullion markers that will be affected - so you're looking at futures
expect a larger basis trade (futures price higher than spot), which will eventually close down
with tariffs in place spot is being pushed up towards futures
it's mostly 100oz/1kg gold bullion markers that will be affected - so you're looking at futures
expect a larger basis trade (futures price higher than spot), which will eventually close down
with tariffs in place spot is being pushed up towards futures
gold tariffs means more upside price pressure
US tariffs don't apply to all gold imports - only to 100 oz and 1 kg bullion bars, which are mostly used for CME/COMEX futures
400 oz London Good Delivery bars are tariff-free - those are used by dealers, central banks and ETFs
gold tariffs means more upside price pressure
US tariffs don't apply to all gold imports - only to 100 oz and 1 kg bullion bars, which are mostly used for CME/COMEX futures
400 oz London Good Delivery bars are tariff-free - those are used by dealers, central banks and ETFs
gold back to $3400 - trend lines & channels on the chart
you can see where it's headed next 😄
🚀 gold approaching $3400. $3300 was a good price for longs - like I wrote a week ago
currently gold is one of the only assets where leverage entails a much lesser risk
upside price pressure is coming from several points
further deprecation of USD against Ruble
now back to July 4th 2025 levels
5 days ago I wrote that USD/RUB rate will fall. 5 days later it's down ≈2%
despite oil being down - gold is up
Ruble has hedge from multiple sides
8 month later after my initial post USD index is down ≈8%
Bad news for #USD 👎
The value of a currency is a direct reflection of the organic demand for it. Sanctions will decrease the demand for US Dollar, via disincentives
Plus, it's the US consumer that will be paying for the tariffs, not the BRICS countries 🤷♀️
Basel III defines capital, leverage, liquidity and net stable funding ratios
they're in the form of formulas, and regulations require minimum thresholds to be met
I previously wrote about Basel III and its importance in financial markets here ⬇️
https://illya.sh/threads/@1753631798-1.html
banks are also subject to regulations when issuing loans
and no - it's not the fractional reserve system
in many sovereigns, like the USA the reserve requirements sit at 0%
there are other regulatory requirements limiting loan issuance